The National Fund: Difference between revisions
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'''The National Fund''' is a British charity whose purpose is to pay off the final amount of the [[United Kingdom national debt]].<ref name="cc">{{cite web|title=1046814 - THE NATIONAL FUND|url=http://apps.charitycommission.gov.uk/Showcharity/RegisterOfCharities/CharityWithPartB.aspx?RegisteredCharityNumber=1046814&SubsidiaryNumber=0|publisher=Charity Commission}}</ref> |
'''The National Fund''' is a British charity whose purpose is to pay off the final amount of the [[United Kingdom national debt]].<ref name="cc">{{cite web|title=1046814 - THE NATIONAL FUND|url=http://apps.charitycommission.gov.uk/Showcharity/RegisterOfCharities/CharityWithPartB.aspx?RegisteredCharityNumber=1046814&SubsidiaryNumber=0|publisher=Charity Commission}}</ref> |
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The fund was set up in 1928 with a £500,000 anonymous donation. It has been suggested that the donor pledged the money as a response to a 1919 ''[[Financial Times]]'' editorial by then-[[Financial Secretary to the Treasury]] [[Stanley Baldwin]], which suggested patriotic rich citizens to voluntarily contribute towards paying the national debt accumulated from [[World War I]].<ref>{{cite web|title=A £350m Donation To Nation That Can't Be Used|url=http://news.sky.com/story/1129829/a-350m-donation-to-nation-that-cant-be-used|work=Sky News|accessdate=17 August 2013}}</ref><ref name="ft">{{cite web|last=Masters|first=Brooke|title=Anonymous bequest to nation worth £350m sits untouched since 1928|url=http://www.ft.com/cms/s/0/fdba8dee-0676-11e3-9bd9-00144feab7de.html|work=The Financial Times|accessdate=17 August 2013}}</ref> |
The fund was set up in 1928 with a £500,000 anonymous donation. It has been suggested that the donor pledged the money as a response to a 1919 ''[[Financial Times]]'' editorial by then-[[Financial Secretary to the Treasury]] [[Stanley Baldwin]], which suggested patriotic rich citizens to voluntarily contribute towards paying the national debt accumulated from [[World War I]].<ref>{{cite web|title=A £350m Donation To Nation That Can't {{sic}} Be Used|url=http://news.sky.com/story/1129829/a-350m-donation-to-nation-that-cant-be-used|work=Sky News|accessdate=17 August 2013}}</ref><ref name="ft">{{cite web|last=Masters|first=Brooke|title=Anonymous bequest to nation worth £350m sits untouched since 1928|url=http://www.ft.com/cms/s/0/fdba8dee-0676-11e3-9bd9-00144feab7de.html|work=The Financial Times|accessdate=17 August 2013}}</ref> |
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The fund, which is managed by [[Barclays]], is worth £351.4m as of February 2013.<ref name="cc" /><ref>{{cite web|title=Anonymous £350m fund stuck in legal limbo|url=http://www.bbc.co.uk/news/uk-23739598|work=BBC News|accessdate=17 August 2013}}</ref> As of February 2012, it was the United Kingdom's 29th richest charity.<ref>{{cite web|url=http://www.bbc.co.uk/news/business-16946660|title=How should the government use the National Fund?|work=BBC News|accessdate=17 August 2013}}</ref> |
The fund, which is managed by [[Barclays]], is worth £351.4m as of February 2013.<ref name="cc" /><ref>{{cite web|title=Anonymous £350m fund stuck in legal limbo|url=http://www.bbc.co.uk/news/uk-23739598|work=BBC News|accessdate=17 August 2013}}</ref> As of February 2012, it was the United Kingdom's 29th richest charity.<ref>{{cite web|url=http://www.bbc.co.uk/news/business-16946660|title=How should the government use the National Fund?|work=BBC News|accessdate=17 August 2013}}</ref> |
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Revision as of 20:10, 4 May 2014
| Registration no. | 1046814 |
|---|---|
| Focus | Paying the National Debt |
Area served | England and Wales |
The National Fund is a British charity whose purpose is to pay off the final amount of the United Kingdom national debt.[1]
The fund was set up in 1928 with a £500,000 anonymous donation. It has been suggested that the donor pledged the money as a response to a 1919 Financial Times editorial by then-Financial Secretary to the Treasury Stanley Baldwin, which suggested patriotic rich citizens to voluntarily contribute towards paying the national debt accumulated from World War I.[2][3]
The fund, which is managed by Barclays, is worth £351.4m as of February 2013.[1][4] As of February 2012, it was the United Kingdom's 29th richest charity.[5]
Since 2009, Barclays has been trying to release the funds.[3] The donor stipulated that part of the funds to be released if "in [the trustees] opinion at any time or times national exigencies [should] require".[3]
References
- ^ a b "1046814 - THE NATIONAL FUND". Charity Commission.
- ^ "A £350m Donation To Nation That Can't [[[sic]]] Be Used". Sky News. Retrieved 17 August 2013.
{{cite web}}: URL–wikilink conflict (help) - ^ a b c Masters, Brooke. "Anonymous bequest to nation worth £350m sits untouched since 1928". The Financial Times. Retrieved 17 August 2013.
- ^ "Anonymous £350m fund stuck in legal limbo". BBC News. Retrieved 17 August 2013.
- ^ "How should the government use the National Fund?". BBC News. Retrieved 17 August 2013.